Cable Hypercross System Development

Ok this thread is to further explore the system I have been developing the past few days. I’m Calling it the Cable Hypercross System aka HCS for short. The goal was to develop A highly reactive system without becoming overly complex. At this point most winning trades clear 50 pips with a working win loss ratio of 2 to 1.

OK here it is. The CHS is only being run on GBP/USD, GBP/JPY and GBP/CHF.

1 Hour Chart
Fast
11 EMA applied to close
Slow
13 EMA applied to open
RSI
12 Period
Lines on 55 and 45

Enter long when the 11 EMA crosses above the 13 EMA and the RSI is above 55.

Enter short when the 11 EMA crosses below the 13 ema and the RSI is below 45.

Upon all entries 30 pip stop loss.

I would have preferred to just use the cross but this system gets killed in a ranging market so thats why the RSI has been added. I tried using variations with a 24 period RSI but it wasint responsive enough. A 12 period RSI or a half day RSI seems to be just about right.

Anyway I hope to hear some feedback thanx a bunch I hope to hear from you guys.

nice, i told u i tried this out with candle formations, works on eur/yen & swissy also

Yep Candles work great im just trying to better define this system that could potentialy be automated.

Hope you get someone to create a EA for this system it has been working great so far for me taking trades with it on a demo account. Thanks for the thread and the system. Keep up the good work.

What's your exit strategy?

I havent quite figured my exit. Im thinking of using a limit order of 50 At times that limit kills potential for growth. The good news is the majority of sucessful trades clear 50 pips before reversing. I have also tried running a 40 pip trailing stop wich works allright but still needs to be a lil refined.

Im thinking of implementing a 2 lot system. First lot with a 40 pip trailing stop and the other lot would be a limit order of 50 pips. Using last eurasian session as a example. GBP/CHF you would have taken in 50 pips but the second lot would be holding about 150 pips and waiting to stop out. So worst case your second lot would takein 110 pips.

Thanks, Jato, for sharing this with us. I set up a chart on the EUR/CHF and felt that the MAs were very close to each other, hence I changed the slow MA to 18 and have a much better view. Looks pretty decent so far, I'll give it a go for a while, see how it performs. I am currently running a similar system of my own and having checked on the possibility of having an EA coded, I have had a quote for 'around $150' for coding it, not a bad price. Might be of interest to you.

Good luck with your trading.

There is so many MA and RSI trade system, can you tell me what's special from your system ?

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MA explosion

Guys, you should look at the date of threads, the guy who started this thread hasn't been on the forum since November last year